The targets in South Korea are mostly high-controlled, then pushed to very high levels. Any short contracts will wear themselves out due to fee issues.

M is like this, IP is somewhat better, and there is still a lot of room for retracement. However, if you stubbornly keep shorting, then IP will definitely teach you a lesson.

The last favorable news that drove the market up had two main parts: 1) The main company repurchased 80 million, so it jumped directly from 6 to 8. 2) Grayscale started creating a vault for IP, which is equivalent to stepping half a foot into the Wall Street circle.

I don't know why they are also amazing at financing products within the ecosystem. Previously, http://IP.world, and Poseidon, this thing was led by a16z. Recently, a task just came out, and those interested can check it out. Also, there's Aria from the past few days, which is an asset chain platform, led by Polychain; basically, the main focus is on collaboration, high control, and wealth.

If you have participated in a few meme targets on IP world, the returns are basically around 3-5x. To summarize, for South Korean projects, you must keep running alongside.